<h1>Competition Commission of India Approves BC Asia's Acquisition of 24.98% Stake in IIFL Wealth Management.</h1> The Competition Commission of India has approved BC Asia Investments X Limited's acquisition of up to 24.98% of IIFL Wealth Management Limited. BC Asia, an investment holding company from Mauritius, is indirectly controlled by Bain Capital Investors, Bain Capital Credit, and the Canadian Pension Plan Investment Board. These entities engage in private equity, credit investments, and diversified asset management. IIFL Wealth Management, the target, is an Indian firm providing wealth management services to high-net-worth individuals and institutional clients. The acquisition aims to enhance BC Asia's investment portfolio through a significant stake in IIFL Wealth Management.